| Textile of China Maintaining Stable and Rapid Increase in 2006 |
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| Monday,May 15,2006 Posted: 16:18 BJT(0818 GMT) MOFCOM |
Sun Huaibin, spokesman of China National Textile and Apparel Council, indicates economic operation of textile industry maintaining stable and rapid increase in 2006. It is predicted that output value of large-sized industrial enterprises of the year will amount to RMB250bln, with over 20% increasing rate; the net profit will amount to RMB86bln, with over 25% increasing rate; export value will amount to US$136bln, with over 15% increasing rate.
He says, according to the situation in Q1, the operation of economy shows better with stable increase. Though the increasing rate of production dropt slightly in the former 3 months, the increase of additional value and profit turns better. Except chemical fiber, the output of yarn, cloth and printing and dyeing cloth, etc of large-sized enterprises all increase. Affected by elements of export and fabric, the increasing rate decreases 2 to 7 percentages. Large-sized enterprises accomplish RMB130.76bln additional value, up by 21.7%, gain RMB13.95bln net profit, up by 29.42% year-on-year, which the increasing rate is higher 5 to 8 percentages than the whole industry.
Meanwhile, the export keeps increasing stably and the market structure adjusted. The export of textile and apparel in Q1 amounts to US$27.988bln, up by 22.16% year-on-year, with 3.17 percentage increasing rate.
In addition, the stable shift of investment in fixed assets of industry to west of China turns better. The investment in fixed assets of all industries from Jan to Feb amounts to RMB12.275bln, up by 37% than last year. The industries with rapid increasing rate of investment include industries of apparel, manufacture of textile equipment and silk. The investment of capital assets of east China, middle China and west China amount to RMB9.975, RMB1.729 and RMB571mln, up by 27.5%; 105.7% and 97.1% respectively. |
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